As the OnLive storm continues to ride itself out, details of who the winners and losers are (mainly losers) keep washing up on the shore. Today's casualty seems to be CEO Steve Perlman himself, who -- just days after the firm reinventing itself -- is "departing to work on his myriad of other projects." In his place the former COO, Charlie Jablonski, is temporarily taking the reins, as well as continuing his role as head of operations in the new organization. Finally, completing this wave of announcements, is the news that chief investor, Gary lauder, will officially take the title of Chairman. So, as the new incarnation settles into its new structure, we'll just have to sit tight, waiting to see what the next chapter in the OnLive story is.

Amid the rumors, sourced reports and statements, it was easy to lose track of the facts surrounding OnLive's recent restructuring efforts. No surprise then, that the newly formed outfit has issued a press release and FAQ (after the break) in hopes will clear things up. First and foremost, the firm reiterates that the streaming game service will continue operating uninterrupted, and that the "newly formed company" that acquired the firm's assets will continue to do business under the OnLive name. The announcement also mentions the Assignment for the Benefit of Creditors (ABC) process OnLive used to settle its debts, noting that "an affiliate" of Lauder Partners, a technology investment firm, was the new OnLive's first investor. Finally, the firm laments the necessity of laying off its staff, stating that "neither OnLive, Inc. shares nor OnLive staff could transfer under this type of transaction," confirming that nearly half of the previous staff had been offered positions at the new company, and optimistically projecting future hires culled from both previous and new employees. The new OnLive calls the asset acquisition "a heartbreaking transition for everyone involved," but looks optimistically to a future of "transforming the OnLive vision into reality." Check out OnLive's full, official word on the matter below.

OnLive has finally issued an official statement after rumors of mass layoffs first leaked out earlier today, confirming that its assets have been acquired into a newly-formed company with what it claims is "substantial" financial backing. The big news for users is that the OnLive Game and Desktop services will remain operational and continue to be supported. The release also claims a "large percentage" of OnLive staff is being hired into the new company with plans to hire more over time, while PR informs us the leadership team remains intact. Check the words straight from the source after the break.

We've heard from some of the people present for the meeting where the new plan was revealed today, confirming the company is going through a process known as Assignment for the Benefit of Creditors (ABC). A faster alternative to bankruptcy that doesn't involve the courts, it allows OnLive to deal with some of the issues it was facing, most notably an oversupply of servers for the number of users it had signed up. The ABC process allows OnLive to be unshackled from the expensive server contracts and bring in a new source of venture capital. Oh and that other major cost, the employees? Not all of the information is known yet, but beyond the loss of jobs, it turns out the stock they owned was in a company that no longer exists. We're hearing their benefits will end after August, however there are offers of contracts to answer questions about important topics like "where things are," in exchange for special form stock in the new venture.

Update: Joystiq has more information from a former employee, who estimated the average number of peak concurrent OnLive users at around 1,800 or so, and the amount of retained staff in the range of 20 percent. One other tidbit? The source expects OnLive to go after recent Sony acquisition Gaikai for infringement of a game streaming patent, so stay tuned.

The Waterloo Record is reporting that RIM is laying off a portion of its workforce as part of its cost-cutting review process. It's believed that between 2,000 and 6,000 employees could be let go as the troubled company attempts to save $1 billion by the end of the fiscal year. Company watcher Martin Chmiel took to Twitter to say that the manufacturing team had been hardest hit, with hundreds of people departing in the past 24 hours.

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Wed, 20 Jun 2012 07:03:00 -040021|20262260http://www.engadget.com/2009/10/07/dell-to-shutter-us-plant-cut-900-jobs-generally-mess-up-someon/%3Futm_medium%3Dfeed%26utm_source%3DFeed_Classic%26utm_campaign%3DEngadget%26ncid%3Drss_semi
http://www.engadget.com/2009/10/07/dell-to-shutter-us-plant-cut-900-jobs-generally-mess-up-someon/http://www.engadget.com/2009/10/07/dell-to-shutter-us-plant-cut-900-jobs-generally-mess-up-someon/%3Futm_source%3DFeed_Classic%26utm_medium%3Dfeed%26utm_campaign%3DEngadget%23commentsA report just crossing the wires says that Dell is slated to close one of its US manufacturing plants and cut about 900 jobs -- though that's a pittance compared to the approximately 76,500 workers Dell employs. The company's Winston-Salem, North Carolina desktop production facility will shut down come January 2010, though Dell says around 600 employees will hit the road in November -- just in time for the Holidays. The company says the closure is "part of an ongoing initiative to enhance the long-term value it delivers to customers by simplifying operations and improving efficiency," or as we'd put it, "it looks good on the books." Obviously this isn't the happiest news for the employees being cut, but it's also a familiar tune given the economic events of the past year.

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Wed, 07 Oct 2009 23:02:00 -040021|19188330http://www.engadget.com/2008/12/31/motorola-hastens-layoff-plans-axes-400-earlier-than-anticipated/%3Futm_medium%3Dfeed%26utm_source%3DFeed_Classic%26utm_campaign%3DEngadget%26ncid%3Drss_semi
http://www.engadget.com/2008/12/31/motorola-hastens-layoff-plans-axes-400-earlier-than-anticipated/http://www.engadget.com/2008/12/31/motorola-hastens-layoff-plans-axes-400-earlier-than-anticipated/%3Futm_source%3DFeed_Classic%26utm_medium%3Dfeed%26utm_campaign%3DEngadget%23commentsThe words "job security" and "Motorola" haven't coexisted in a non-sarcastic manner for quite some time, and things just seem to be deteriorating by the day. Not even two full months after the flagging company announced that 3,000 employees would be sent packing, a new Reuters report has it that the axing process in Q4 will be accelerated. Specifically, some 1,900 (versus 1,500 as originally predicted) will be cut in an attempt to save $800 million in 2009, though there's no word on how damaging the inevitable productivity losses will be given the markedly low morale. To no one's surprise, most of the Q4 cuts will be in the mobile devices segment; we're beginning to think Sad Moto Face™ here will never, ever vanish.

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Wed, 31 Dec 2008 15:22:00 -050021|1415443http://www.engadget.com/2008/12/19/sharp-closing-down-two-lcd-panel-production-lines-hacking-380-j/%3Futm_medium%3Dfeed%26utm_source%3DFeed_Classic%26utm_campaign%3DEngadget%26ncid%3Drss_semi
http://www.engadget.com/2008/12/19/sharp-closing-down-two-lcd-panel-production-lines-hacking-380-j/http://www.engadget.com/2008/12/19/sharp-closing-down-two-lcd-panel-production-lines-hacking-380-j/%3Futm_source%3DFeed_Classic%26utm_medium%3Dfeed%26utm_campaign%3DEngadget%23comments
It's not pulling a Sony or anything, but even Sharp has been unable to absorb the downturn in flat-panel demand. We already knew that the firm was looking to scale back production by as much as 10 from the middle of this month, and our deductive reasoning skills are leading us to believe that this is the cutback we've been expecting. The outfit will be closing down two LCD panel production lines in Japan in order to "move production to a newer and more cost-efficient plant as the global downturn hits demand for electronic goods." Along with the closings will come 380 job cuts -- all temporary workers -- which will presumably be sent home when the lines halt for the final time in January.

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Fri, 19 Dec 2008 13:38:00 -050021|1404244http://www.engadget.com/2008/11/27/modu-reportedly-lays-off-around-25-of-its-employees/%3Futm_medium%3Dfeed%26utm_source%3DFeed_Classic%26utm_campaign%3DEngadget%26ncid%3Drss_semi
http://www.engadget.com/2008/11/27/modu-reportedly-lays-off-around-25-of-its-employees/http://www.engadget.com/2008/11/27/modu-reportedly-lays-off-around-25-of-its-employees/%3Futm_source%3DFeed_Classic%26utm_medium%3Dfeed%26utm_campaign%3DEngadget%23commentsWho's praying now, Modu? The once cocky and altogether promising handset maker has apparently fallen on tough times, with a recent TalkingMobile report suggesting that around one-quarter of its staff (including a few executives) has been told to head home. The reason? Aside from the obvious "the economy" cop out, the company has also been hit hard by launch delays and the inability to land a carrier partner willing to shell out for promotions. Granted, this is far from the end of Modu -- there's still cash to be burnt and avenues to walk down, but we'd probably skip over it when sending out job applications right now.

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Thu, 27 Nov 2008 02:23:00 -050021|1382512http://www.engadget.com/2008/11/16/sk-telecom-no-longer-casting-glances-in-sprints-direction/%3Futm_medium%3Dfeed%26utm_source%3DFeed_Classic%26utm_campaign%3DEngadget%26ncid%3Drss_semi
http://www.engadget.com/2008/11/16/sk-telecom-no-longer-casting-glances-in-sprints-direction/http://www.engadget.com/2008/11/16/sk-telecom-no-longer-casting-glances-in-sprints-direction/%3Futm_source%3DFeed_Classic%26utm_medium%3Dfeed%26utm_campaign%3DEngadget%23comments
We've been hearing about a possible SK Telecom-Sprint tie-up since July of 2007, but if either firm ever hoped to actually tie the proverbial knot -- well, let's just say that ship has sailed. Given the weakening economy and the general tendency to resist taking risks right about now, the Korean giant has dropped its plans to partner with Sprint in any form or fashion. In related news, Sprint is looking to hop on the quickly expanding layoff bandwagon, but given its humongous Q3 loss, we suppose that's not totally illogical. We're told that the carrier is offering "voluntary buyout packages" to an unspecified number of employees, which is far more awesome than the "thanks, now get the hell out of here" line that's being handed down by so many other firms. Crazy times, we tell you.

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Sun, 16 Nov 2008 09:41:00 -050021|1371831http://www.engadget.com/2008/11/07/uiq-technology-puts-entire-staff-on-notice-of-dismissal/%3Futm_medium%3Dfeed%26utm_source%3DFeed_Classic%26utm_campaign%3DEngadget%26ncid%3Drss_semi
http://www.engadget.com/2008/11/07/uiq-technology-puts-entire-staff-on-notice-of-dismissal/http://www.engadget.com/2008/11/07/uiq-technology-puts-entire-staff-on-notice-of-dismissal/%3Futm_source%3DFeed_Classic%26utm_medium%3Dfeed%26utm_campaign%3DEngadget%23commentsUgh, this is just downright depressing no matter how you spin it. Sure, it's just the reality of business and all, but it's no fun to hear that 270 staffers will soon be looking for employment when UIQ Technology finishes climbing into the grave. After hacking 200 jobs in June and being coined "dead" by Sony Ericsson's Patrick Olson, All About Symbian has it that the company has put its remaining employees "on notice of dismissal." We're told that SE has agreed to "continue funding the company on a by month by month basis in order to allow it to investigate options for the future," but from the outside looking in, we'd say the outlook is bleak. Thankfully, it sounds like those affected will at least be assisted as they exit, but now would probably be an opportune time to shed a tear for UIQ as we knew it.

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Fri, 07 Nov 2008 16:42:00 -050021|1365704http://www.engadget.com/2008/11/02/motorola-to-layoff-3-000-employees-most-of-em-in-handset-divis/%3Futm_medium%3Dfeed%26utm_source%3DFeed_Classic%26utm_campaign%3DEngadget%26ncid%3Drss_semi
http://www.engadget.com/2008/11/02/motorola-to-layoff-3-000-employees-most-of-em-in-handset-divis/http://www.engadget.com/2008/11/02/motorola-to-layoff-3-000-employees-most-of-em-in-handset-divis/%3Futm_source%3DFeed_Classic%26utm_medium%3Dfeed%26utm_campaign%3DEngadget%23comments To be honest, we were surprised that we didn't hear this number along with the other doom and gloom professed during Motorola's Q3 earnings call, but the writing was very clearly on the wall. As part of the mentioned $800 million expenditure cut planned for 2009, 3,000 (more) of Moto's employees will be looking for work elsewhere. According to an unnamed spokeswoman, a "little over two-thirds of those layoffs [will be] in the handset division." And just think -- if Moto would only use all those hands to get an Android-powered phone out before "entirely too long from now," maybe these cuts wouldn't even be necessary. Maybe.

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Sun, 02 Nov 2008 07:20:00 -050021|1359688http://www.engadget.com/2008/11/02/motorola-to-layoff-3-000-employees-most-of-em-in-handset-divis/%3Futm_medium%3Dfeed%26utm_source%3DFeed_Classic%26utm_campaign%3DEngadget%26ncid%3Drss_semi
http://www.engadget.com/2008/11/02/motorola-to-layoff-3-000-employees-most-of-em-in-handset-divis/http://www.engadget.com/2008/11/02/motorola-to-layoff-3-000-employees-most-of-em-in-handset-divis/%3Futm_source%3DFeed_Classic%26utm_medium%3Dfeed%26utm_campaign%3DEngadget%23comments To be honest, we were surprised that we didn't hear this number along with the other doom and gloom professed during Motorola's Q3 earnings call, but the writing was very clearly on the wall. As part of the mentioned $800 million expenditure cut planned for 2009, 3,000 (more) of Moto's employees will be looking for work elsewhere. According to an unnamed spokeswoman, a "little over two-thirds of those layoffs [will be] in the handset division." And just think -- if Moto would only use all those hands to get an Android-powered phone out before "entirely too long from now," maybe these cuts wouldn't even be necessary. Maybe.

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Sun, 02 Nov 2008 07:20:00 -050021|1359680http://www.engadget.com/2008/09/23/hp-making-changes-within-voodoo/%3Futm_medium%3Dfeed%26utm_source%3DFeed_Classic%26utm_campaign%3DEngadget%26ncid%3Drss_semi
http://www.engadget.com/2008/09/23/hp-making-changes-within-voodoo/http://www.engadget.com/2008/09/23/hp-making-changes-within-voodoo/%3Futm_source%3DFeed_Classic%26utm_medium%3Dfeed%26utm_campaign%3DEngadget%23comments
Here's a curious one -- merely months after HP essentially revitalized the Voodoo brand and cranked out the undeniably sexy Envy 133 laptop / Omen desktop, in flies word that the branch may be broken in the foreseeable future. In response to rumors that the Voodoo PC division would be canned entirely, Rahul Sood (yeah, the same guy that pimped an undisclosed new gizmo barely a week ago) stated that "HP is working on a plan to better leverage its existing resources to bring Voodoo products to market faster and make them more accessible to consumers." An HP spokeswoman was also quoted as saying that "[it] continually assesses and re-balances the size of its work force relative to the business environment and market conditions." In other words, no one is denying nor confirming the whispers, and while we have our own suspicions about what that means, we'll let you make of it what you wish.

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Tue, 23 Sep 2008 01:17:00 -040021|1321704http://www.engadget.com/2007/12/12/palm-laying-off-employees/%3Futm_medium%3Dfeed%26utm_source%3DFeed_Classic%26utm_campaign%3DEngadget%26ncid%3Drss_semi
http://www.engadget.com/2007/12/12/palm-laying-off-employees/http://www.engadget.com/2007/12/12/palm-laying-off-employees/%3Futm_source%3DFeed_Classic%26utm_medium%3Dfeed%26utm_campaign%3DEngadget%23commentsWe haven't heard any confirmations of this just yet, but PalmInfocenter has it that a number of Palm employees have already been shown the door and asked not to come back. Citing "reliable sources," it goes on to mention that the layoffs could reach beyond North America and could affect "hundreds" of employees. 'Course, the past few months quarters haven't been the best Palm has ever seen or anything, but this would certainly make a bad year even worse if true.

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Wed, 12 Dec 2007 19:23:00 -050021|1061558http://www.engadget.com/2007/12/12/palm-laying-off-employees/%3Futm_medium%3Dfeed%26utm_source%3DFeed_Classic%26utm_campaign%3DEngadget%26ncid%3Drss_semi
http://www.engadget.com/2007/12/12/palm-laying-off-employees/http://www.engadget.com/2007/12/12/palm-laying-off-employees/%3Futm_source%3DFeed_Classic%26utm_medium%3Dfeed%26utm_campaign%3DEngadget%23commentsWe haven't heard any confirmations of this just yet, but PalmInfocenter has it that a number of Palm employees have already been shown the door and asked not to come back. Citing "reliable sources," it goes on to mention that the layoffs could reach beyond North America and could affect "hundreds" of employees. 'Course, the past few months quarters haven't been the best Palm has ever seen or anything, but this would certainly make a bad year even worse if true.

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Wed, 12 Dec 2007 19:23:00 -050021|1061557http://www.engadget.com/2007/05/05/ibm-gearing-up-to-layoff-over-100000-american-employees/%3Futm_medium%3Dfeed%26utm_source%3DFeed_Classic%26utm_campaign%3DEngadget%26ncid%3Drss_semi
http://www.engadget.com/2007/05/05/ibm-gearing-up-to-layoff-over-100000-american-employees/http://www.engadget.com/2007/05/05/ibm-gearing-up-to-layoff-over-100000-american-employees/%3Futm_source%3DFeed_Classic%26utm_medium%3Dfeed%26utm_campaign%3DEngadget%23commentsWe'll admit, even we're a bit frightened that immensely intelligenthumanoid bots may one day oust us from these seats, but according to whispers going around at IBM's HQ, something just as momentous could be going down as early as this year. Shortly after Lenovo told 1,400 of its US-based employees to politely hop off the payroll, IBM's LEAN plan could call for over 100,000 American workers to be canned in favor of (surprise, surprise) hiring overseas. Already, the firm has laid off 1,300 employees in 2007, but according to a recent report, an ongoing "planning meeting" for how to handle the company's Global Services could eventually axe "up to 150,000 US jobs" while hiring cheaper labor in China and India. Interestingly, this news could actually be sweet music to Wall Street, at least in the short term, but we can't imagine how this logistical nightmare will ever bode well for Big Blue's future.

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Sat, 05 May 2007 00:02:00 -040021|889317http://www.engadget.com/2006/12/13/monster-cable--fires--120-employees-still-overcharge-for-accessor/%3Futm_medium%3Dfeed%26utm_source%3DFeed_Classic%26utm_campaign%3DEngadget%26ncid%3Drss_semi
http://www.engadget.com/2006/12/13/monster-cable--fires--120-employees-still-overcharge-for-accessor/http://www.engadget.com/2006/12/13/monster-cable--fires--120-employees-still-overcharge-for-accessor/%3Futm_source%3DFeed_Classic%26utm_medium%3Dfeed%26utm_campaign%3DEngadget%23commentsWouldn't it figure -- the company synonymous for charging absurd amounts of coinage for products that are debatably no better than the copper-laced counterparts available en masse for much less is cutting 120 jobs, only to replace them with outsourced labor. While we fully understand the "business demands of the 21st century," as Mr. Lee so aptly implied, there's something to be said when you're suckering folks into buying cranking out $100 HDMI cables and $70 iPod controllers, yet can't afford to hook your loyal employees up with anything more than "four weeks severance" and a dash of "counseling." What's notable about all this is that prior to this recent batch of layoffs, excessed employees received "four weeks pay plus one additional week of pay per year of service." Furthermore, many employees say the job searching assistance is "worthless," as they really have no desirable skills besides the one's learned at Monster. 'Tis a shame to see the folks let go, but we're fairly certain the firm's (supposed) cash drought isn't due to a lack in markup.